STREAMLINE HEALTH SOLUTIONS INC.: debt financing — Streamline Health amends loan covenants, pays $300K success fee, waives defaults

STREAMLINE HEALTH SOLUTIONS INC.

$300K success fee due at loan maturity or full repayment; other financial covenants amended.
Max ARR Net Leverage Ratio: 0.67:1.00 through May 2025, then 0.50:1.00.
Minimum Adjusted EBITDA allows losses through May 2025; must reach $0 by June 2025.
Max Debt to Adjusted EBITDA ratio begins at 3.50:1.00 in Q3 FY2025, declines to 2.00:1.00 by Q2 FY2026.
Fixed Charge Coverage ratio of 1.20:1.00 required from quarter ending July 2025 onward.

item 1.01 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

STREAMLINE HEALTH SOLUTIONS INC. amended credit facility with Western Alliance Bank.

Instrument: credit facility
Counterparty: Western Alliance Bank
Event: amendment

Exact text from the filing

On March 27, 2025, Streamline Health Solutions, Inc. (the “Company”) and certain of its subsidiaries entered into a Sixth Modification and Waiver (the “Sixth Modification”) to Second Amended and Restated Loan and Security Agreement

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Source: SEC EDGAR

accession 0001437749-25-009908

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